LIFE/HEALTH INSURER FINANCIAL ASSET DISTRIBUTION, 2007-2011

($ billions)

2007 2008 2009 2010 2011 Total financial assets $4,949.7 $4,515.5 $4,823.9 $5,176.3 $5,340.2 Checkable deposits and currency 58.3 82.8 50.7 51.7 54.8 Money market fund shares 21.6 39.2 33.7 21.0 25.8 Security repurchase agreements (1) 2.7 8.0 10.2 10.9 10.7 Credit market instruments 2,871.2 2,882.8 3,022.6 3,174.2 3,323.9      Open market paper 41.7 38.3 49.8 40.9 40.9      U.S. government securities 453.5 471.9 505.4 532.6 549.8           Treasury 70.6 105.7 133.5 156.6 162.7           Agency- and GSE (2)-backed securities 382.9 366.2 371.9 376.0 387.1      Municipal securities 41.4 47.1 73.1 112.3 122.6      Corporate and foreign bonds 1,862.6 1,817.0 1,927.2 2,030.2 2,128.7      Other loans and advances 145.8 166.1 140.9 140.7 148.7      Mortgages 326.2 342.4 326.1 317.5 333.2 Corporate equities 1,464.6 1,001.7 1,208.5 1,402.6 1,443.0 Mutual fund shares 188.4 121.0 140.8 155.7 150.1 Miscellaneous assets 342.9 380.1 357.6 360.3 331.9

(1) Short-term agreements to sell and repurchase government securities by a specified date at a set price.
(2) Government-sponsored enterprise.

Source: Board of Governors of the Federal Reserve System, June 7, 2012.

PREMIUMS BY LINE

Measured by premiums written, annuities are the largest life/health product line, followed by health insurance (also referred to in the industry as accident and health) and life insurance. Life insurance policies can be sold on an individual, or "ordinary," basis or to groups such as employees and associations. Accident and health insurance includes medical expense, disability income and long-term care. Other lines include credit life, which pays the balance of a loan if the borrower dies or becomes disabled, and industrial life, small policies whose premiums are generally collected by an agent on a weekly basis.